IRS Logo
Print - Click this link to Print this page

Credit Counseling Organizations - Questions and Answers about New Requirements

The Pension Protection Act of 2006 adopted new Internal Revenue Code section 501(q), which establishes standards that a credit counseling organization must satisfy to qualify for exemption under Code section 501(c)(3) or 501(c)(4).

  1. When does the statute take effect?

Note - In addition to the new requirements, a tax-exempt credit counseling organization is still required to meet present law standards under section 501(c)(3) or 501(c)(4).

View all FAQs in Adobe Acrobat format.

Page Last Reviewed or Updated: 07-Jan-2014